July 09, 2021
PUBLIC FINANCE > Budget > FY 2022

Massachusetts Lawmakers Give Final OK to $48.1B State Budget

Steve LeBlanc ,

AP / NBC 10 News

The tax revenue upgrade allowed budget writers to eliminate the proposed use of one-time revenues, including a plan to tap the state's "rainy day'' or stabilization fund to balance the budget. Despite the surge in tax revenues, the budget doesn't add significant new annual spending not proposed by either the House or Senate, according the business-backed Massachusetts Taxpayers Foundation.